Canadian gold miner Kinross Gold has announced that it is proceeding with the La Coipa restart project in Chile, while a prefeasibility study at the nearby Lobo-Mare project remains on track to be completed by mid-year.
The La Coipa restart project will require a capital investment of $225-million, with prestripping expected to start late this year. About $45-million of the initial capital costs would be spent this year and the balance next year.
Production is expected to start in the first quarter of next year, with a feasibility study forecasting the openpit to produce about 690 000 gold-equivalent ounces (GEO) from 2022 to 2024.